Romani, the visibility of any leakage trail is dependent on the amount of fluid being lost. I have seen fuel leakage trails from jets/turboprops on aircraft that I was not flying formation on. If enough fluid is leaking and you are close enough, you will see it as a white stream.
WWI aircraft combats were at lower (warmer) altitudes than WWII, the cooling systems held less coolant in WWI, and the waste heat rejection was less in WWI, so the coolant would less likely be close to the boiling point. The WWI cooling systems were mostly not pressurized-just circulated. Therefore when puncturing a WWI cooling system, coolant would dribble out in a relatively thin trail.
Fuel systems were pressurized in WWI and a visible puff of vapor from a ruptured tank was usually followed by spectacular pyrotechnics.